XRP hit by liquidation cascade as price slips below $2

XRP fell to $1.95 after a fast liquidation flush punched through the $2.05 floor, forcing a reset in leveraged positioning. Price bounced off the $1.91 area but the recovery looked tentative, with XRP also lagging the broader crypto complex.

News background

• The move came as traders continued rotating risk across majors, with pockets of strength elsewhere in crypto failing to translate into XRP bid.
• The key story in this session wasn’t a new headline — it was positioning: once $2.05 gave way, the market quickly cleared out forced sellers, and then struggled to rebuild momentum on the bounce.
• That “flush-then-stall” behavior is typical after a heavy liquidation event: price snaps back when the forced selling ends, but follow-through depends on whether fresh buyers step in or whether the rebound is met by trapped sellers trying to exit.

Technical analysis

XRP broke down from the prior holding range around $2.05–$2.06 and slid as low as $1.906 in the initial flush. The bounce that followed got XRP back into the $1.93–$1.95 area, but it never reclaimed the level that mattered most: $2.05, which now flips from support into resistance.

Volume was the tell. The breakdown printed an extreme spike (335M on the hour in your data), which is consistent with forced activity rather than normal “selling into strength.” After the washout, trading tightened into a narrow band around $1.93–$1.94, a sign the market was stabilizing — but also a sign it was waiting for a new push.

From here, the structure is simple:

• Support: $1.93 first, then $1.91 (the flush low zone).
• Resistance: $1.95 first, then $2.05 as the “line in the sand” bulls need back to make the breakdown look like a one-off event rather than a trend shift.

Price action summary

• XRP fell from $2.06 to $1.94, breaking $2.05 support
• The selloff extended to an intraday low near $1.906 before bouncing
• Price then stabilized in a tight $1.93–$1.94 band
• XRP lagged the broader crypto market over the same window, even after the bounce

What traders should know

This is a reset tape: liquidations created the move, and the rebound so far looks more like stabilization than a clean reversal.

• If XRP holds $1.93 and reclaims $1.95, traders will look for a grind back toward $2.00 — but the real test is still $2.05. A push back above $2.05 would tell the market the flush was mostly positioning, not a deeper shift.
• If XRP loses $1.93, the market likely revisits $1.91, and a failure there risks a deeper slide as the post-liquidation “floor” gives way.